News about SSE Russia Alumnus
Russian business angels prefer investing money in domestic projects and agree to participate in foreign startup businesses seldom and amounts of their investments are not bigger than $100,000 on average.
Firrma.ru in cooperation with RVC and National Association of Business Angels found out which of the Russian investors were ready to invest money in projects in the current economic conditions still.
Business angel is an investor who is professionally occupied with investment of his own money in various innovative developments, projects and young companies. As a rule, the investor invests money in exchange for a stake in a business or a certain pat of capital that in majority of cases represents a blocking stake and sometimes a controlling stake. The standard period of investments in a project varies from three to five years.
A poll has shown that majority of business angels polled by Firrma invest exactly in Russian startup businesses. Along with this, an amount of investments is, as a rule, small, usually $50,000-100,000 and often even $25,000-50,000.
The top seven of active business angels:
1. Alexander Borodich
In the last year, he invested in 14 projects, $25,000-50,000 on average.
He invests money in cloud calculations, smart cities, SaaS services, is an expert in mobile marketing and technologies for development of mobile applications. He graduated MGU of electronics and mathematics and received education of marketer in the State University of Higher School of Economics. He has Executive MBA degree of Stockholm School of Economics. He has a US patent in assessment of efficiency of distribution of information in social media.
Since 2010, he has been an entrepreneur. He is director of the Economic Mathematical School at MGU.
Examples of projects: MyWishBoard (service that enables the registered users to create wish lists, to share them with friends through direct links or with assistance of social networks, to collect money for presents), WishCoins (Russian virtual currency), FutuBank (platform for transfer of electronic payments) etc.
2. Alexei Karlov
In the year, he invested in 13 projects, $10,000 on average.
Areas of investments: digital communications, social media, media analysis instruments, info graphics services.
Karlov believes that there will be a "boom" in analysis at the junction of offline and online in the next few years, as well as in technologies of file exchange in a cloud (neither Dropbox, nor services similar to it made it ideal).
He is an entrepreneur and lecturer of Russian accelerator GVA LaunchGurus and Higher School of Economics.
Geography of foreign investments of Karlov embraces mostly the US but now the investor wishes to try to find projects in Europe and Africa.
Examples of projects: LIFE.FILM (service of online video editing), WillDev (service for checking of skills of programmers)/
3. Bogdan Yarovoy
In the year, he invested in ten projects, an average investment was up to $100,000.
Areas in which he invests money are big data, blockchain, carry gadgets, virtual reality, financial technologies, sharing economy, electronic learning, healthcare.
Earlier, Bogdan Yarovoy was CEO of European bank. The bank was sold to bank St. Petersburg in February of 2015. According to Vedomosti newspaper, Yarovoy owned 19.47% in European.
Examples of projects: Smart Mafia (application that allows playing Mafia with random players and friends), Baggage From hands to Hands (RFID technology that allows tacking of movement of baggage from registration stand to unloading on the belt in the destination airport), Tickets Cloud (service that allows interaction of organizers of events with distributors of tickets) etc.
4. Yulian Zegelman
This year, he invested his money in ten projects, $25,000-50,000 on average.
He chooses SaaS services, "hardware" projects and infrastructure projects for bitcoin industry as fields for investments.
Being a student, back in the 1990s he established GetHoused.com company that was one of the leaders in the field of advertising of real estate in the Internet for a long time and was afterwards sold to Apartments.com. In the second round of angel financing Yulian and his partners preferred lowering of an average size of investments in projects (check of the fund amounts to $50,000-$150,000) and investing in a bigger quantity of companies.
Examples of projects: bitcoin startup businesses CoinsFriendly and BitAccess, service for tracking of behavior of buyers and visitors of cafes and restaurants Privy, Netflix for women's online shopping Le Tote, smoothie delivery LivBlends, bitcoin ATM BitAccess, service for crowd-sourcing observation of places in real time Placemeter.
5. Vitaly Polekhin
In the year, he invested money in eight projects. An average check amounted to $50,000–150,000 ($1 million at early stages).
There are both Russian companies and startup businesses from the US and Asia in his assets. Areas interesting for Polekhin are: Big Data, Collaborative Consumption, Health Informatics, Online Education, Internet of Things, E-commerce, Gaming, Consumer Internet & Mobile services, Health & Science.
6. Konstantin Sinyushin
Sinyushin invested in eight projects in the last year and investments in each of them amounted to $150,000-250,000. The areas of investments were: marketplaces, projects with Uber model, services for improvement of efficiency of retail, cloud recommendatory services, services in crowd-sourcing of content and standardized communications.
His portfolio includes projects made by Russian, Israeli and Ukrainian teams. Only one of his startup business is not connected with the markets of Russia and CIS: RecruitLoop team is from Australia and lives in California. Sinyushin confesses that investment in this startup is an experiment for him.
Examples of projects: Noosphere (technological infrastructure for communication operators, online mass media, television channels and media companies for monetization of video and its delivery to various gadgets), To Go TV (mobile television to telephone) etc.
7. Eduard Fiyaksel
In the year, he invested $50,000-100,000 in each of eight projects. Fiyaksel helps projects with business modeling, strategy of sales, marketing and arrangement of business processes as a whole.
Fiyaksel is creator of chairs of marketing and venture management of the Nizhny Novgorod campus of Higher School of Economics. Twenty of more than 150 graduates of the chairs work in joint projects and some of them have become his co-investors.